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Custody Cover - Deprecated

This cover product type has been sunset following the outcome of NMPIP-193. Members are no longer able to purchase protection for this type of risk.

Covered risks

Custody Cover protected against:

  • Custodial wallet hacks where you lose more than 10% of your funds
  • The custodian halting withdrawals for more than 90 days

Cover wording

For more information, read the full terms and conditions of Nexus Mutual's Custody Cover.

Custody Cover claim payouts

Members have approved and paid a total of $6,366,353 to cover holders who suffered a loss due to halted withdrawals on a centralized custodian.

To review Nexus Mutual's past claims record and individual claim stories, you can see the Claims History section.